No matter what industry you are in, automation is probably a buzzword you have been hearing non- stop over the past few years. While many people tend to think of industrial automation processes, the most significant strides in automation are currently taking place within the realm of business processes.
The market for business automation is growing exponentially, with the tech that drives business automation expected to comprise a $16 billion a year market in the US alone by 2026. But what are the types of business processes that are being automated, and why should you automate business processes today? Read on to find out why internal business process automation is a smart strategic move.
1. Workflow Automation
Workflow automation is probably the most important aspect to consider, as it encompasses a number of different types of business processes that can be automated in one fell swoop. Workflow automation can automate the assigning of tasks to everyone in your team, as well as tracking work projects and marking them as complete.
Workflow automation automates all of the repetitive tasks in the workflow chain, from the initial project planning all the way up to sending the invoice to the customer at the end of the chain. The cost and efficiency savings to be had when you automate business workflow can be immense.
2. Employee Onboarding Automation
The process of recruiting, onboarding, and training new employees can be lengthy and immensely costly. However, many of the most cumbersome aspects of the process can now be fully automated. Rather than stifling your new employees with inefficient and tiresome onboarding, you can use an automated system to ensure that they can get started right away.
Employee onboarding automation software will make the process of signing contracts, going through training, and understanding where data is stored and managed simple, fast, and resource-free.
3. Accounting Automation
When asking how to automate your business processes, you need to ask where the greatest time and cost efficiencies can be found as a result of doing so. For this, accounting automation software might offer what you need to boost your bottom line. Of course, account reconciliation will require some kind of human input, at least at the approval stage.
However, all of those long and frustrating working hours spent in front of a spreadsheet or poring over pieces of paper can be eliminated from the accounting processes entirely. In addition, accounting automation software greatly reduces the change of human error, ensuring all of your books are in order.
4. HR Automation Routine
HR tasks such as granting leave, approving expenses, or updating employee information can take up immense amounts of time that your employees could better spend on growing your business. With HR automation software, you make all of these processes smooth, straightforward, and free from expensive human input.
For any HR query or need an employee might have, they can simply log onto their digital HR platform and get exactly what they need in just a few clicks. That's automation done right to help streamline your department and cut costs.
Fine-Tune Your Business Processes With Amazing Automation
Fine-tuning and streamlining your business processes will make your company leaner, more adaptable, and future-proof. To find out how you can harness the latest tech trends of automation to grow your business, make sure to check out our expertly-curated guides on all of the tech trends and secrets that are helping businesses like yours thrive.
